Former PRTM CEO Joins Nexiant Board of Directors

Nexiant, a leading provider of indirect materials management solutions for the industrial market (also known as MRO inventory), today announced that it has appointed Michael Aghajanian as a member of its Board of Directors.

“Mike’s depth of experience and innovative thinking will help Nexiant continue to develop a portfolio of solutions that create significant value for our customers by delivering break-through performance improvement,” said Mark Vettese, Nexiant’s chief executive officer. “Mike’s leadership will pay great dividends in helping Nexiant plot its course through its next phase of growth. In particular, he will play a major role in shaping our product roadmap and in making gains in software product development delivery throughput.”

Aghajanian brings over 25 years of experience designing and managing high performance global supply chains for leading multinational companies. Most recently, he served as Chief Executive Officer of PRTM, a leader in global supply chain management, product and service development, and customer value management consulting services. Widely recognized for his thought leadership in supply chain management, Aghajanian co-led the development of the Supply Chain Operations Reference (SCOR) model which was adopted by the Supply Chain Council and over 1000 companies worldwide. He also co-founded The Performance Measurement Group, the premier provider of industry specific supply chain and product innovation benchmarks.

“MRO inventory is a high leverage point for companies to respond to the extreme cost pressure in industry today,” said Mike Aghajanian. “Nexiant offers an excellent suite of tools to help its customers control, manage and optimize their MRO inventory.”

The Nexiant MRO solution is based on a subscription-as-a-service (SaaS) offering. This web-based deployment model offers a streamlined implementation process and delivers one of the shortest time-to-value intervals possible. In addition, the open-ended architecture of the Nexiant solution supports seamless integration to common ERP, Procurement and Maintenance Management systems supporting complete supply chain collaboration.

About Nexiant

Established in 1999, Nexiant is a leading provider of MRO solutions that includes SaaS based inventory management software, consulting services and leading edge cabinet dispensing technology. Nexiant solutions help manufacturers reduce MRO inventory costs, improve asset utilization and increase productivity. Ultimately, Nexiant MRO solutions ensure that the right MRO materials are in the right place at the right time thereby helping manufacturers improve overall operating effectiveness. Nexiant has established a large installed base of Fortune 500 companies throughout the United States, Canada and Mexico. www.Nexiant.com.